“However, I am fully aware that I’m creating another problem for myself down the road.”For now, his retirement plans sit on the back burner.
Retirement savings in the United States were long thought of as a three-legged stool.
Americans had pension plans, Social Security benefits, and defined contribution plans like the 401(k).
Social Security payments still provide about 90% of income for more than a quarter of older adults, according to Social Security Agency surveys.
She’s had to rely on her 401(k) retirement savings to support her and her son more than once.
Persons:
Eric Payne, there’s, ”, Payne, I’ve, he’ll, What’s, Larry Fink, “, –, ” Fink, Fink, Jamie, She’s, – Jamie, wasn’t, Donald Trump, ” Trump, Joe Biden, Karoline Leavitt, Trump, Biden, Bernie Sanders, Sanders, BlackRock’s Fink, Beth, ” Beth
Organizations:
New, New York CNN, CNN, Social Security, Social, Social Security Agency, Security, Lawmakers, BlackRock, CNBC, Vermont Independent, Medicare
Locations:
New York, Portland , Maine, United States, Central Texas, Pittsburgh